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IEA emergency oil release reaches around 325 million barrels

Al Mayadeen English reports that Middle Eastern refined-product shipments remain severely restricted, with diesel under acute pressure.

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2 Sources, 22h ago, first seen 22h ago

TLDR

Al Mayadeen English, citing an IEA statement, reports that around 325 million barrels of a planned 400 million-barrel emergency oil release had been released. IEA chief Fatih Birol said continuing disruptions were keeping fuel markets under pressure. The agency said Middle Eastern refined-product shipments remained severely restricted and Ukrainian strikes on Russian refineries were further squeezing diesel supplies.

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2 Sources, first seen 22h ago

8 likes2 saves2 reposts

Combined views

2.1K

2 Sources, first seen 22h ago

8 likes2 saves2 reposts

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2 Sources

@iqbalbhawanaBhawana Tribune • Sunday, October 4, 2026 • Six-Page Sovereign Master Edition Lead Intelligence: • FBR Increases Section 25A Customs Assessment Values on Imported Therapeutic Equipment and Polymers as Corrigendum to STGO 19 Mandates 130% Sales Tax Supply Valuation • Wall Street Surges 341 Points to Record 42,352 Following Blockbuster US Jobs Report as Brent Crude Posts 9.1% Weekly Spike and PSX Consolidates at 82,721 Points • OpenAI Launches Realtime Multimodal API and Automated Model Distillation at DevDay as Nvidia Confirms Blackwell AI Silicon in Full Production Amid Insane Enterprise Demand 🌐 Read Serene Web-Magazine (English & Urdu): Click link: https://iqbalbhawana.github.io/bhawana-tribune/ (Toggle English/Urdu at the top of every page) (Pages 1–4 of 6 attached • Pages 5–6 in reply below)22h
@MayadeenEnglishEven as the US says it has the surge in oil prices under control, International Energy Agency (IEA) Executive Director Fatih Birol told G7 leaders on Friday that the coordinated emergency stock release had helped plug supply shortfalls, but continuing disruptions were keeping fuel markets under pressure. "Around 325 million barrels of the IEA collective action announced on 11 March have so far been released," Birol said, according to an agency statement. That amounts to more than 80% of the 400 million barrels committed by member countries in March, when the agency launched its largest coordinated emergency release to address war-related supply disruptions in the Middle East. Birol warned that the Strait of Hormuz crisis continued to weigh heavily on energy markets, with diesel facing particularly acute pressure. Although crude exports from the Middle East have recovered significantly, shipments of refined petroleum products remain severely restricted, the IEA said. Ukrainian strikes on Russian refineries have compounded those difficulties, further limiting diesel availability and driving prices higher. The agency warned that the resulting squeeze posed significant economic risks.4h
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    2 Sources

    @iqbalbhawanaBhawana Tribune • Sunday, October 4, 2026 • Six-Page Sovereign Master Edition Lead Intelligence: • FBR Increases Section 25A Customs Assessment Values on Imported Therapeutic Equipment and Polymers as Corrigendum to STGO 19 Mandates 130% Sales Tax Supply Valuation • Wall Street Surges 341 Points to Record 42,352 Following Blockbuster US Jobs Report as Brent Crude Posts 9.1% Weekly Spike and PSX Consolidates at 82,721 Points • OpenAI Launches Realtime Multimodal API and Automated Model Distillation at DevDay as Nvidia Confirms Blackwell AI Silicon in Full Production Amid Insane Enterprise Demand 🌐 Read Serene Web-Magazine (English & Urdu): Click link: https://iqbalbhawana.github.io/bhawana-tribune/ (Toggle English/Urdu at the top of every page) (Pages 1–4 of 6 attached • Pages 5–6 in reply below)22h
    @MayadeenEnglishEven as the US says it has the surge in oil prices under control, International Energy Agency (IEA) Executive Director Fatih Birol told G7 leaders on Friday that the coordinated emergency stock release had helped plug supply shortfalls, but continuing disruptions were keeping fuel markets under pressure. "Around 325 million barrels of the IEA collective action announced on 11 March have so far been released," Birol said, according to an agency statement. That amounts to more than 80% of the 400 million barrels committed by member countries in March, when the agency launched its largest coordinated emergency release to address war-related supply disruptions in the Middle East. Birol warned that the Strait of Hormuz crisis continued to weigh heavily on energy markets, with diesel facing particularly acute pressure. Although crude exports from the Middle East have recovered significantly, shipments of refined petroleum products remain severely restricted, the IEA said. Ukrainian strikes on Russian refineries have compounded those difficulties, further limiting diesel availability and driving prices higher. The agency warned that the resulting squeeze posed significant economic risks.4h
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